Overall, EUR/JPY is trending downwards. Recently, EUR/JPY bounced off the resistance zone of 128.500.
The eurozone Retail Sales m/m data (Actual: 0.2%, Forecast: 0.3%, Previous: -0.3%) released last Friday indicated a rebound in consumer spending in October from the previous month’s decline.
The Eurogroup meetings will be held today. During this time, there may be volatility in EUR.
EUR/JPY’s next support zone is at 127.200 and its next resistance zone is at 128.500.
Look for short-term selling opportunities of EUR/JPY.
The eurozone Retail Sales m/m data (Actual: 0.2%, Forecast: 0.3%, Previous: -0.3%) released last Friday indicated a rebound in consumer spending in October from the previous month’s decline.
The Eurogroup meetings will be held today. During this time, there may be volatility in EUR.
EUR/JPY’s next support zone is at 127.200 and its next resistance zone is at 128.500.
Look for short-term selling opportunities of EUR/JPY.